The Corporate Affairs Commission (CAC) has commenced another round of striking off non-compliant companies from its register, placing 100,000 firms at risk of deregistration for failing to meet statutory filing requirements.
The exercise, being carried out under Section 692(3) and (4) of the Companies and Allied Matters Act (CAMA), 2020, targets companies that have failed to file their statutory returns and comply with other regulatory obligations.
In a public notice issued on Thursday, the Commission said the exercise, tagged Batch 6, affects 100,000 companies whose names have been marked for removal from the register.
The CAC disclosed that the list of affected companies has been published on its official website and urged all affected entities to regularise their records within 90 days from the date of the notice.
According to the notice signed by the Commission’s management, affected companies are required to file all outstanding annual returns, including information on Persons with Significant Control (PSC) and Beneficial Ownership, within the stipulated period.
The Commission also directed companies that comply with the requirements to forward evidence of compliance to its designated email address for verification.
It warned that any company that fails to regularise its records within the 90-day window would be struck off the register without further notice.
The CAC reaffirmed its commitment to promoting corporate compliance while continuing to provide efficient and customer-focused regulatory services.